India exported solar cells and modules worth $479 million (~₹39.5 billion) in the first quarter (Q1) of the calendar year 2023, a staggering increase of 6,293% year-over-year (YoY), according to Department of Commerce data. On a quarter-over-quarter (QoQ) basis, exports rose 29% from $371 million (~₹30.6 billion). India imported solar cells and modules worth $812 million (~₹67.06 billion) during the quarter, a decline of 34% YoY.